Premarket 30.03.2016
Hi everyone,
Yesterday we saw how the level 38,00 hold the price and form this point a new trend began. Today we have a nice bullish trend.
News:
Crude Oil Inventories.
As usual I don't trade around the news release. So I my mind is to begin to trade in Two hour. After the news release.
In the hour chart we see how the price is stopped in the base of the bullish channel. Also in the short term channel the top of this channel is around 39,00, everything looks difficult to see the price above this level.
In the short term and according with the long term, I will expect a rotation to the base of the channel, the level will be 38,50. Below this level we can expect a change in the trend.
So the plan for today is expect a rotation to the base of the channel and around this level see some clues to get a long trade in the market. Anyway We can see the price above 39,00 level and then we can see new highs.
Good Bye and Good Trading.
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